Bitcoin ATM Market Dynamics January 2019

The year 2019 started with a Bitcoin price of $3,752 and maintained a steady rise in the first 10 days when it went over a $4,000 margin. After, it started to decrease and continued to do so until the end of the month. January ended with a price of $3,454 which is a 7.9% decrease when compared with the price at the beginning of the month.

We have two of the same names at the top of the Manufacturers list as in December, they just swapped places. Genesis Coin is at the top with 82 new machines (6.3% increase) and General Bytes is at the second place with 43 new installations (3.4% increase). These were the only two Manufacturers that increased their numbers by double figures in January. Shitcoins Club was on the third spot with 8 new machines (27.6% increase).

Bytfederal was the Manufacturer that experienced a fair decrease in January. They dropped their numbers by 8 machines (-18.6% decrease). Coinsource, represented as both operator and manufacturer of own machines, has closed 3 locations (-1.6%).

Change by Operators

Operators who increased the number of machines by 4 or more over the past month:

Bitcoin Depot dominated the Operators list in January with 43 new installations (28.5% increase). The company entered the Chicago market with installation of 30 brand new machines there and doing 0% fee promo at all those location. They are followed by Bitcoin of America with 15 new machines (19% increase) and CoinFlip Bitcoin ATMs with 13 (10.8% increase). Rockitcoin steadily month over month increases their locations number, and now is the fourth largest operator in the world. In January 2019 they increased the network by 9 machines. There were only four Operators besides these that had increased their numbers by more than 4 during the last month.

Change by Countries

Name

Start

End

Diff

United States

2295

2402

+107 (4.7%)

Canada

624

630

+6 (1%)

Spain

65

71

+6 (9.2%)

Switzerland

44

48

+4 (9.1%)

Austria

263

265

+2 (0.8%)

Romania

28

30

+2 (7.1%)

Colombia

27

29

+2 (7.4%)

Hungary

12

14

+2 (16.7%)

Georgia

11

13

+2 (18.2%)

Dominican Republic

9

11

+2 (22.2%)

Malaysia

8

10

+2 (25%)

Malta

3

5

+2 (66.7%)

Portugal

2

4

+2 (100%)

Czech Republic

65

66

+1 (1.5%)

Russian Federation

49

50

+1 (2%)

Slovakia

37

38

+1 (2.7%)

Italy

31

32

+1 (3.2%)

Netherlands

23

24

+1 (4.3%)

Greece

20

21

+1 (5%)

Slovenia

12

13

+1 (8.3%)

Bulgaria

3

4

+1 (33.3%)

Thailand

2

3

+1 (50%)

Germany

2

3

+1 (50%)

Liechtenstein

2

3

+1 (50%)

Andorra

0

1

+1

United States hugely dominate the bitcoin ATM market, and this month demonstrates this with prominent leading of the U.S. with respect to increased number of bitcoin ATM’s in operation with 107 new installations (4.7% increase). Canada and Spain followed with 6 new machines (1% increase) and (9.2% increase) respectively.

Andorra had its first machine installed in January. It is a buy only ATM manufactured by General Bytes.

Other Cryptocurrencies Support

Cryptocurrencies support saw the following increases over the past month:

The percentage of altcoins accepted in Bitcoin ATM’s got to 70% in January. Ether continued to be the most added coin with 345 new additions (17.16% increase). Litecoin was the second most added coin with 342 (14.06% increase), while Bitcoin followed with 160 (3.90% increase). Bitcoin Cash had 61 new machines (4.5% increase).

Summary

In January the prices experienced a downfall. Manufacturers Genesis Coin and General Bytes installed the most machines. Andorra installed its first ATM. Ether was the most added coin.